This report has been designed to provide a detailed of the global footwear market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also indicates a comparative analysis of the largest consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.

Product coverage: Waterproof footwear with outer soles and uppers of rubber or of plastics, the uppers of which are neither fixed to the sole nor assembled by stitching, riveting, nailing, screwing, plugging or similar processes, other than footwear incorporating a protective metal toe-cap. footwear with outer soles and uppers of rubber or plastics, other than waterproof footwear, sports footwear and footwear incorporating a protective metal toe-cap.footwear with uppers of leather, other than sports footwear, footwear incorporating a protective metal toe-cap and miscellaneous special footwear.footwear with uppers of textile materials and outer soles of rubber, plastics, leather or composition leather, other than sports footwear; tennis shoes, basketball shoes, gym shoes, training shoes and the like.

Abstract:

Global footwear production was estimated at 28.7 billion pairs in 2015, an increase of 0.7 billion pairs against the 2014 figure. There was an annual increase of +7.4% in physical terms, for the period from 2007 to 2015.

According to market research conducted by IndexBox, the countries with the largest footwear production in absolute volumes were China (15,322 million pairs), India (2,200 million pairs), Brazil (850 million pairs), Vietnam (765 million pairs) and Indonesia (750 million pairs). Brazil has the third largest footwear industry in the world, following China and India. European footwear products are well-known for their quality and style, enjoying high consumption both within the EU and across the globe. Although most EU footwear production is concentrated in the aforementioned countries, namely Italy, Spain, and Portugal, the number of footwear manufacturers has been on a downward path in the past decades due to production capacities being transferred to economies with lower labor costs.

With economic growth slowing down, China’s attractiveness for business faded. The manufacturing of shoes is hard to automatize, and the share of wages in the final cost of the product is quite significant, pushing the world’s famous brands to produce shoes in the countries with labor costs lower than China’s, for example, in Vietnam, Pakistan, Laos and Sri-Lanka.